Qqqshort
Nasdaq short ideaugly waves but can see the pattern throgh it. good chance of going down to 11600 by tomorrow.
but RISKY. why?
1- this week is option expieries of the month so huge volatility expected.
2- in the big picture we needed a bit upward rest and the huge momentom that happend proved it. still in that momentum and big wales started to ad based on their Q3 reports.
then why short?
well I see the chart and big stocks need to cool down a bit to get the momentum needs for possible one more up. and technically I see the order blocks and fib levels, so I see the opportunity.
then how to short but low risk? simple! position sizing and TP, SL based on your strategy.
Good luck
QQQ SELL ++QQQ approaching heavy cloud and overhead resistance on a bear market rally which should never be chased, instead sell into strength. For fools who think the market has bottomed we have had ZERO fallout from a recession yet. Layoffs in the millions, foreclosures, defaults, bankruptcies, evictions, companies closing. Then and ONLY then can we discuss a bottom. New moon will be printing Tuesday or Wednesday which will be selling pressure.
"Put"ting An End To The Bear Market with GannI have been bearish since Feb 7, 2022, with a long-term price target of the pre-Corona high, as evidenced in the attached chart "Sound of bubbles bursting" Feb 18 .
I have been using 3 month dated Near the Money Puts on the QQQ.
But what I wanted to share was the use of Gann and the excellent Candlestick recognition in TradingView.
I was looking at tripling down on my Put activity today and performing all kinds of analysis. But what caught my eye was the excellent Gann Box tool. I studied Gann as part of my IFTA Certified Financial Technician exams but was not a big believer.
But see the GANN plot on this chart, wow does it fit perfectly?
See how the boxes and fans correlate with the bear market waves, both pullbacks and bear market rallies.
It also matches well with my Dec 30 put targets.
Also, I want to congratulate the TV team on their Candlestick recognition; it is a great time saver. I also love how it updates in real-time on a 1-minute chart.
Well, that's it from me; suffice it to say:
We are in a bear market.
Until there is complete capitulation, and all the good economic news turns bad, we will stay in a bear market.
My next price target is the Pre-pandemic high.
If you like this, like and follow for further market updates.
Best of luck
Barry
$QQQ on 15min BEAR FLAG (Potential Bull Trap for close)$QQQ BEAR FLAG on 15 min
Be careful of a bull trap for close.
Understanding a Bull Trap
A bull trap occurs when a trader or investor buys a security that breaks out above a resistance level—a common technical analysis-based strategy. While many breakouts are followed by strong moves higher, the security may quickly reverse direction. These are known as "bull traps" because traders and investors who bought the breakout are "trapped" in the trade.
What are your thoughts?
Do you think it will drop back to the $268-$270 level?
Comment Below!
Thanks,
Kelly :)
$QQQ on 1Hr Analysis for 10/10/22** $QQQ on 1Hr Continued Analysis for 10/10/22 **
“Catching a falling knife” in investing is an expression for when a trader buys a stock after a BIG drop in its share price, hoping the price will rebound, but the stock price continues to fall. That leaves the traders incurring losses.
**In my opinion, QQQ will continue to fall more in the morning and then try to bounce after open and potentially fail.
Pivot points to examine and be aware of are $267.10 and $268.84.**
$QQQ falling back to $267.10 and bouncing is what i'll be looking for.
What are your thoughts?
Comment Below!
Thanks,
Kelly :)
QQQ Nasdaq 100 ETF Double Bottom on Strong SupportIf you haven`t bought Puts when Jerome Powell was saying that "U.S. businesses will have to endure some pain":
Then you should know that the QQQ etf i ready for a technical rebound.
A Technical Rebound refers to a recovery from a prior period of losses when technical signals indicate that the move was oversold.
In this case, the Relative Strength Index momentum indicator of QQQ Nasdaq 100 ETF is at 24.75 on a Double Bottom Reversal Chart Pattern and Strong Support.
A double bottom is a reversal chart pattern in technical analysis that describes a change in trend.
Even though i am overall bearish on the economy, buying a strong financial instrument when the RSI is below 30, would make a case for a potential short term reversal.
My ultimate price target is $237, but for now i am bullish .
Looking forward to read your opinion about it.
$QQQ Bearish Rectangle on 15min $QQQ Bearish Rectangle on 15min ect.
As you can see a clear breakdown from today's high, in my analysis you would think it was either bear pennant or a bull flag, however, there are multiple points where the price came down to consolidate in a straight manner similar to other patterns but not the same. In my opinion, consolidation naturally is there for higher highs, in which a smart investor would wait til the dust settles and get in, in which you did see towards the close today. However, in this situation, i think that tomorrow, we are going to either see a further breakdown of QQQ lows headed back to 1st Support: $273.30 in the morning and towards afternoon after 11am or 1pm, see a jump. Obviously, this can go completely opposite direction of how the market goes, but just my view point on things on where things could stand.
Let me know your thoughts!
Support and resistances:
1st Support: $273.30
1st Resistance: $278.42
2nd support: $271.54
2nd Resistance: $281.98
Thanks,
Kelly :)
Nasdaq 100 - Price target for QQQ at 290 USD, 280 USDOn 11th August 2022, we stated the market was at its peak and due to reverse. Since then, the market has fallen more than 10% and reached our price target for QQQ. Furthermore, since fundamental and technical factors have not changed, we have no reason to change our bearish view. Accordingly, we maintain the price target for NQ1! at 11 000 USD. Additionally, we would like to set new price targets for QQQ at 290 USD and 280 USD. We sound a strong warning of impending acceleration in the selloff.
Illustration 1.01
Illustration 1.01 shows the daily chart of QQQ, which is down more than 10% from its peak on 16th August 2022.
Technical analysis - daily time frame
RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the daily time frame is bearish.
Technical analysis - weekly time frame
RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the weekly time frame is bearish.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
#QQQ testing critical support after price reverses to downsideHello all,
#QQQ local uptrend has finally reversed to the downside after gapping down over the weekend and is currently testing a support level. Should be an interesting week ahead. Share your thoughts with us on what you think will happen next and why?
Dollar and treasury yields are back on the marchU.S. Treasury yields moved higher on Friday to their highest since July 21 and U.S. stock futures fell by almost 1%, along with similar losses in Europe. The yield on the benchmark 10-year Treasury note was up 8 basis points at 2.967% as the Fed indicated July meeting minutes that it would continue hiking rates until inflation slows down significantly, although the central bank could soon decrease its pace of tightening.
The 10-year Treasury yields above its 100-day exponential moving average, yields may extend its strength to 3.00% mark with the dollar's rally.
QQQ - Bearish Channel Thesis based on banker candlesThis post is a test of my thesis that I can accurately identify a banker's candle that tests market structure. The Thesis works like this:
Bank trading firms need to test the market structure with specific actions on specific days that tell them what the market can tolerate and they base their plans accordingly.
For instance if banker candles identify a market structure that can trend down for a certain trend, they will then execute that trend line selling the appropriate volume and delivering the correct price.
This means if such candles can be confirmed - then the trend channel can be inferenced.
This is a test such that I am predicting the next banker candle (all concepts are marked with green arrows) and that it will be confirmed by testing the trend line at the 9daily MA.
Then QQQ will roll over testing the 200daily MA into the Channel.
A 5 wave impulse (Elliot Wave) is then likely that will take the price to both retest the 200daily MA, the new "lower low" that marks a "safe entry" and confirms down trend, before then retesting the 50day Moving Average.
The low of wave 3 was selected to hit prior highs of the accumulation phase that led to the recent rally (the Bulkowski pennant seen early July).
Entry may begin at the 200daily MA if conditions are right. (If slow stochastic falls below 80 at least).
We have 2 probable banker candles, now waiting on a 3rd to be confirmed. Good luck!